Analyzing the Correlation Between Hospital Expansion and the Surge in Hospital Asset Management System Market || McKesson Corporation, International Business Machines Corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Hospital Asset Management Systems Global Market Report 2023 identifies the rising number of hospitals is the major driver for the hospital asset management systems market's growth in the forecast period. Hospitals refer to an institution that is established, staffed, and equipped for illness diagnosis, medical and surgical treatment of the sick and injured, and accommodation throughout this procedure. The rising number of hospitals is driven by increased hospitalization, ICU stays, oxygen demand, and rising cases of chronic diseases. Implementing a hospital asset management system may be advantageous, given the rise of hospitals and their demands. Such a system aids hospitals in effectively managing their assets, ensuring that they are used, maintained, and tracked as necessary.

The global hospital asset management systems market is expected to grow from $17.60 billion in 2022 to $21.85 billion in 2023 at a compound annual growth rate (CAGR) of 24.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital asset management systems market is expected to reach $41.38 billion in 2027 at a CAGR of 23.8%.

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Major competitors in the hospital asset management systems market are McKesson Corporation, International Business Machines Corporation, Honeywell International Inc., Siemens Healthineers.

A key trend in the hospital asset management systems market includes product innovation. Major companies operating in the hospital asset management systems market are concentrating on creating innovative products to strengthen their position in the market. For instance, in April 2020, Alcatel-Lucent Enterprise (ALE), a France-based software company, launched OmniAccess Stellar Asset Tracking, a new real-time asset-tracking solution. It offers unprecedented scale and excellent availability, along with real-time location services.

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The hospital asset management systems market is segmented -

1) By Product Type: Radio-Frequency Identification (RFID), Real-Time Location Systems (RTLS), Ultrasound And Infrared Tags

2) By Application: Patient Management, Equipment Tracking And Management, Temperature And Humidity Control, Infection Control And Hygiene Compliance, Staff Management, Pharmaceutical Asset Management, Other Applications

3) By End-Use: Hospitals, Laboratories, Other End Users

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hospital asset management systems market

The Business Research Company's "Global Hospital Asset Management Systems Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Hospital Asset Management Systems Market Include:
1. Executive Summary
2. Hospital Asset Management Systems Market Characteristic
3. Hospital Asset Management Systems Market Trends And Strategies
4. Hospital Asset Management Systems Market - Macro Economic Scenario
5. Hospital Asset Management Systems Market Size And Growth
……………
27. Hospital Asset Management Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hospital Asset Management Systems Market
29. Hospital Asset Management Systems Market Future Outlook And Potential Analysis
30. Appendix

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